WEBVTT - Single Best Idea with Tom Keene: Avery Sheffield & Alexis Crow

0:00:02.520 --> 0:00:10.039
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

0:00:12.680 --> 0:00:15.920
<v Speaker 2>The single best idea, just a spectacular day. It's a Friday,

0:00:16.000 --> 0:00:18.240
<v Speaker 2>it's two above zero in New York, or feels that

0:00:18.280 --> 0:00:21.439
<v Speaker 2>way at least three day weekend, and our team lined

0:00:21.520 --> 0:00:27.280
<v Speaker 2>up just a great set, eclectic set of conversations. I

0:00:27.360 --> 0:00:30.240
<v Speaker 2>really can't say enough about spur of the moment. Golnar

0:00:30.480 --> 0:00:35.040
<v Speaker 2>Montevali joining us from London. She has been definitive reporting

0:00:35.080 --> 0:00:38.720
<v Speaker 2>for Bloomberg News in Tehran for almost a decade. It

0:00:38.800 --> 0:00:40.760
<v Speaker 2>was good to catch up with her in London. She

0:00:41.000 --> 0:00:46.000
<v Speaker 2>was piercing about the future of her Persia. Ibrahm Mrbari

0:00:46.159 --> 0:00:49.199
<v Speaker 2>as well. You know him from Foreign Exchange. He was

0:00:49.240 --> 0:00:52.840
<v Speaker 2>born in Tehran and we treasure his comments on his

0:00:53.080 --> 0:00:59.520
<v Speaker 2>Persia and the global diaspora of Iran. Avery Sheffield joined

0:00:59.600 --> 0:01:03.560
<v Speaker 2>us from Rockefeller Asset. It's just real simple. This market

0:01:03.760 --> 0:01:05.279
<v Speaker 2>can keep going. Let's listen.

0:01:05.640 --> 0:01:09.160
<v Speaker 3>You always think that potentially the madness will abate, but

0:01:09.240 --> 0:01:12.520
<v Speaker 3>I think what we're likely to continue to see is

0:01:12.560 --> 0:01:16.679
<v Speaker 3>that the madness abates when the data comes through and

0:01:16.720 --> 0:01:20.360
<v Speaker 3>that checks wherever the markets are going. And what we've

0:01:20.400 --> 0:01:24.040
<v Speaker 3>really seen coming into this year is of course very

0:01:24.080 --> 0:01:28.400
<v Speaker 3>high expectations following a market that's been very strong for

0:01:28.440 --> 0:01:32.120
<v Speaker 3>three years. And I think that what that means is

0:01:32.160 --> 0:01:35.479
<v Speaker 3>that looking ahead, it's going to be tougher and you're

0:01:35.520 --> 0:01:37.399
<v Speaker 3>going to want to be much more selective in your

0:01:37.400 --> 0:01:38.160
<v Speaker 3>stock selection.

0:01:38.560 --> 0:01:43.520
<v Speaker 2>Amy Sheffield, Rockefeller Asset Management as well. Alexis Crow came

0:01:43.520 --> 0:01:47.840
<v Speaker 2>by with PwC really a definitive knowledge of Europe, her

0:01:47.840 --> 0:01:51.120
<v Speaker 2>workout of Saint Andrews in a London School of economics.

0:01:51.400 --> 0:01:54.640
<v Speaker 2>Alexis Crow on the steps forward for Europe.

0:01:54.800 --> 0:01:58.600
<v Speaker 4>Global markets by and large do not care about geopolitics.

0:01:58.760 --> 0:02:02.280
<v Speaker 4>Is shrug it off right interesting that the single largest

0:02:02.640 --> 0:02:05.240
<v Speaker 4>spike that we had in the Vics and the volatility

0:02:05.280 --> 0:02:08.960
<v Speaker 4>index happened when investors and market participants were concerned about

0:02:08.960 --> 0:02:12.600
<v Speaker 4>an unwinding in the carry trade with Japan. So it's

0:02:12.680 --> 0:02:15.000
<v Speaker 4>not geopolitics, it is monetary.

0:02:15.280 --> 0:02:19.280
<v Speaker 2>Thank you, Alexis Crow, piercing earlier on Europe where she

0:02:19.400 --> 0:02:21.840
<v Speaker 2>just said, this is the year they have to get

0:02:21.880 --> 0:02:25.320
<v Speaker 2>their act together. We're on podcasts, they grow each and

0:02:25.360 --> 0:02:29.160
<v Speaker 2>every day on Apple, on Spotify, thank you for your attention.

0:02:29.240 --> 0:02:33.120
<v Speaker 2>On Spotify podcasts and on YouTube podcasts. It's single best

0:02:33.280 --> 0:02:35.960
<v Speaker 2>idea